Data / Bank failures / 1989 / Salamanca Fed. Savings Assoc.
Salamanca Fed. Savings Assoc., Salamanca, NY: failed November 30, 1989
Salamanca Fed. Savings Assoc. in Salamanca, New York, failed on November 30, 1989. Cattaraugus City Bank of Little Valley, NY, took over its deposits. It held $29.7 million in assets and $29.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1,253 (0% of its assets). By assets it was the 395th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- November 30, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Cattaraugus City Bank, Little Valley, NY
- Total assets
- $29,698,000
- Total deposits
- $29,673,000
- Estimated cost to the FDIC
- $1,253 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29436
Other bank failures in New York, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community National Bank and Trust | New York | November 7, 1991 | $333.8 million | $354.2 million | $95.9 million | Chemical Bank |
| Eastern FS & La of Sayville | Sayville | September 27, 1991 | $249.5 million | $264.9 million | $29.1 million | Bayside FSB |
| Larchmont FS & La | Larchmont | August 9, 1991 | $123.8 million | $123.6 million | $5,681 | Peoples Westchester SB |
| Westerleigh Savings | Staten Island | May 31, 1991 | $147.8 million | $145.2 million | $9.9 million | |
| Goldome | Buffalo | May 31, 1991 | $9.89 billion | $6.53 billion | $779.4 million | Key Bank of Western New Yor |
| State Savings | Jackson Heights | March 22, 1991 | $445.4 million | $393.8 million | $166.3 million | |
| Beacon Federal Savings | Baldwin | March 8, 1991 | $406 million | $388.6 million | $19.9 million | North Side SB |
| Central Federal Savings | Mineola | December 7, 1990 | $890.8 million | $848.4 million | $247.6 million | Chemical Bank |
All bank failures in 1989 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.